Hedef Holding A.S (IST:HEDEF)
Turkey · Delayed Price · Currency is TRY 6.89
+0.62 (9.89%)
Last updated: Nov 5, 2026, 5:59 PM GMT+3
Hedef Holding A.S Cash Flow Statement
Financials in millions TRY. Fiscal year is January - December.
Millions TRY. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | -16.7 | 1,554 | -1,672 | -1,157 | 1,484 | 71.9 |
Depreciation & Amortization | 17.6 | 11.57 | 3.95 | 3.4 | 1.25 | 0.13 |
Loss (Gain) From Sale of Assets | - | - | - | 0.33 | - | - |
Asset Writedown & Restructuring Costs | -0.5 | -0.5 | -4.85 | 0.66 | - | - |
Loss (Gain) From Sale of Investments | -2,974 | -2,553 | -106.46 | -1,100 | -1,540 | -45.4 |
Other Operating Activities | 212.24 | -201.99 | -253.64 | -466.59 | 358.74 | 7.66 |
Change in Accounts Receivable | 70.05 | -10.35 | 0.04 | -0.71 | 0.06 | -0.02 |
Change in Accounts Payable | 6.12 | -1.96 | -10.15 | 8.61 | -0.61 | 0.24 |
Change in Other Net Operating Assets | 3,215 | 1,350 | 3,581 | 4,459 | -232.44 | -17.51 |
Operating Cash Flow | 529.09 | 147.82 | 1,538 | 1,747 | 70.73 | -315.66 |
Operating Cash Flow Growth | 59.09% | -90.39% | -11.97% | 2369.59% | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -9.15 | -0.31 | -6.05 | -0.77 | -0.82 | -1.46 |
Sale of Property, Plant & Equipment | 0.01 | 0.45 | 0.2 | 1.38 | 1.26 | 0.14 |
Sale (Purchase) of Intangibles | 0.05 | -0.22 | -10.91 | -0.03 | -0.33 | - |
Other Investing Activities | 4.68 | 3.87 | 5.93 | 1.61 | - | 1.48 |
Investing Cash Flow | -34.73 | 3.79 | -10.84 | 2.19 | 0.12 | 0.15 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | - | - | - | 2.33 | - |
Long-Term Debt Repaid | - | -9.18 | -9 | -1.97 | -0.67 | -0.11 |
Lease Payments | -10.43 | -9.18 | -9 | -1.97 | -0.67 | -0.11 |
Net Debt Issued (Repaid) | 1,037 | -9.18 | -9 | -1.97 | 1.66 | -0.11 |
Issuance of Common Stock | 51.75 | 738.99 | 28.05 | - | - | 314.65 |
Other Financing Activities | -332.27 | -52.1 | 5.19 | -16.68 | -69.2 | - |
Financing Cash Flow | 756.09 | 677.71 | 24.24 | -18.65 | -67.54 | 314.53 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Miscellaneous Cash Flow Adjustments | -1,252 | -827.36 | -1,562 | -1,728 | - | - |
Net Cash Flow | -1.89 | 1.95 | -11.24 | 2.42 | 3.31 | -0.97 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 519.94 | 147.5 | 1,532 | 1,746 | 69.92 | -317.12 |
Free Cash Flow Growth | 58.89% | -90.37% | -12.28% | 2397.39% | - | - |
Free Cash Flow Margin | 72.72% | 5.62% | 805.96% | 161.15% | 2.64% | -385.97% |
Free Cash Flow Per Share | - | 0.05 | 0.53 | 0.60 | 0.03 | -0.11 |
Levered Free Cash Flow | 103.49 | 2,357 | 97.06 | 684.8 | 1,632 | 29.3 |
Unlevered Free Cash Flow | 214.53 | 2,365 | 102.62 | 685.48 | 1,633 | 29.34 |
Free Cash Flow After Leases | 509.51 | 138.32 | 1,523 | 1,744 | 69.25 | -317.24 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 2.94 | 13.79 | 0.02 | 1.09 | - | - |
Cash Income Tax Paid | - | -0.01 | -0.73 | 0.56 | - | 0.11 |
Change in Working Capital | 3,291 | 1,338 | 3,571 | 4,467 | -232.99 | -349.95 |